Should You Buy Alkermes Plc (ALKS) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
BUY now (starter position). ALKS is in a clear uptrend with bullish moving averages and supportive options sentiment. However, it is trading near resistance (~34.14) with an elevated short-term RSI, so upside may be choppy near-term. For a beginner long-term investor with $50k–$100k and low patience for “perfect entries,” initiating a position now is justified; consider adding on any pullback toward ~32 (pivot/support area) rather than waiting for an ideal setup.
Technical Analysis
Trend is bullish: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend. MACD histogram is positive (0.409) but “positively contracting,” implying momentum is still bullish but cooling. RSI_6 is high at 74.55 (overbought/extended risk), which often leads to short pauses or pullbacks even within an uptrend. Price context: pre-market ~33.66, sitting just below R1 34.14; if it breaks and holds above ~34.14, next resistance is ~35.49 (R2). Key support levels are ~31.95 (pivot) then ~29.75 (S1). Overall: strong trend, but near-term entry is somewhat extended near resistance.
